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Jun 20, 2013
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last year brazil became the sixth largest economy in the world. but income and equality is a huge issue. about one in five people live below the poverty line. demonstrators are protesting in part against billions of dollars being funneled not into education or health care or other basic needs for the population, but into big spectacular events. into stadiums and if a sill advertise being built for brazil to host the world cup and the summer olympics. the cost to host the world cup is estimated to top $13 billion. the protests today around the stadium, this is brazil today a supposed day off from the protests. these have been incredibly dramatic. incredibly big protests. the main organizers say tomorrow is not the day off it will be the day to watch for when everybody should be expected to hit the streets. it's going to be a big news story tomorrow. watch it here. [ male announcer ] this is kevin. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes
last year brazil became the sixth largest economy in the world. but income and equality is a huge issue. about one in five people live below the poverty line. demonstrators are protesting in part against billions of dollars being funneled not into education or health care or other basic needs for the population, but into big spectacular events. into stadiums and if a sill advertise being built for brazil to host the world cup and the summer olympics. the cost to host the world cup is estimated...
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Jun 20, 2013
06/13
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captions by: caption colorado comments@captioncolorado.com >> ight, a brighter economy. the federal reserve raises its predictions for growth and jobs. anthony mason on the new outlook. the director of the f.b.i. surprised many today with a frank answer to this question: >> does the f.b.i. use drones for surveillance on u.s. soil? >> pelley: bob orr on the f.b.i.'s program. this is supposed to be the answer to america's biggest nuclear contamination problem, but it's billions over budget. carter evans investigates. and ken moreis' great-great- great grandfather is a giant of american history. jim axelrod on how a powerful legacy changed one man's man'sn. mission. >> frederic douglas said it's easier to build strong children than repair broken men. captioning sponsored by cbs >> pelley: good evening. it doesn't happen very often but it happened today-- the stock market plunged in reaction to good news. the news from the head of the federal reserve was that the economy is doing better. here's the part wall street did not like. ben bernanke said the economy is doing well en
captions by: caption colorado comments@captioncolorado.com >> ight, a brighter economy. the federal reserve raises its predictions for growth and jobs. anthony mason on the new outlook. the director of the f.b.i. surprised many today with a frank answer to this question: >> does the f.b.i. use drones for surveillance on u.s. soil? >> pelley: bob orr on the f.b.i.'s program. this is supposed to be the answer to america's biggest nuclear contamination problem, but it's billions...
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Jun 20, 2013
06/13
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FBC
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so-so revenues, but analyst called it a turn around in a sign maybe the global economy is turning ? >> i do not aee. i think when revenues drop, there are all sts of ways that customers as we've seen, that can impact the bottomine, by one, just being mere efficient. -- more efficientbut what a revenue dropsith a fedex or ups that is a sign of the economy not only flat lining but continui to slide down, that is why i think that we're going to be in trouble. yo know come next few months. ne: dave, topine thing begins top out, watc watch out. >> a gd news-bad news thing with them, revenueas up a little bit but not to exctations, and on thatront, i wld say, yeah that is not a good signal about the economy. not a big beats. neil: but. down a broad. -- abroad. >> it was down. neil: speaking of a quagme not getting any less qaagi e . >> you are right. >> here is the thing. using technology to drive costs out. the math they continue to do that that is a good sign because everything needs to do that. neil: l right, if at first you don't succeed find a better way to get them tpend, walmart al
so-so revenues, but analyst called it a turn around in a sign maybe the global economy is turning ? >> i do not aee. i think when revenues drop, there are all sts of ways that customers as we've seen, that can impact the bottomine, by one, just being mere efficient. -- more efficientbut what a revenue dropsith a fedex or ups that is a sign of the economy not only flat lining but continui to slide down, that is why i think that we're going to be in trouble. yo know come next few months....
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Jun 20, 2013
06/13
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CNBC
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the other emerging economies are essential flat. singapore has relatively honest statistics tissues like other developed countries and oh, emerging economies. >> you've been quoted as saying that you are personally buying gold as well as gold stocks. when you look at the selloff across the board, across asset classes including gold, does that make you question the performance of this particular asset class given the market environment? >> yes, correct. technically commodities look horrible. in particular, also industrial commodities, precious metals also look bad. but some technical factors would suggest that we are approaching at least an intermediate low because the commercials which are essentially hedgers, they are people that produce gold and so continuously hedge at the present time they have an extremely low short exposure. in other words, basically they're accumulating gold. secondly, gold is close to $1300 compared to, say, $700 in 2008, the conditions in the mining industry are horrible. the exploration companies are runni
the other emerging economies are essential flat. singapore has relatively honest statistics tissues like other developed countries and oh, emerging economies. >> you've been quoted as saying that you are personally buying gold as well as gold stocks. when you look at the selloff across the board, across asset classes including gold, does that make you question the performance of this particular asset class given the market environment? >> yes, correct. technically commodities look...
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Jun 20, 2013
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>> the economy is healing. we are seeing a very modest recovery that has lasted as long as most recoveries and potentially collapse along because it has been some modest. this shows a lot of basically capacity in the system and the fact is real-estate is recovering very late in the cycle which is unusual, it is usually the beginning of a cycle and that is one of the things that is helping to begin to turn to extend this recovery longer. dennis: peter schiff -- you have been telling us for years to buy gold and gold is down 27% or 30% from its recent highs, why is gold down today? why is it not a safe haven when stocks are plunging? >> people and making the mistake by selling their goal. doesn't only goal of. people doing the wrong thing, people are misinterpreting what is happening in the economy like your guest is. the economy is not recovering. it is in worse shape than it was before the fed began this crazy experiment. always manage to do with record amounts of stimulus is blow a little air back into a defla
>> the economy is healing. we are seeing a very modest recovery that has lasted as long as most recoveries and potentially collapse along because it has been some modest. this shows a lot of basically capacity in the system and the fact is real-estate is recovering very late in the cycle which is unusual, it is usually the beginning of a cycle and that is one of the things that is helping to begin to turn to extend this recovery longer. dennis: peter schiff -- you have been telling us for...
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Jun 20, 2013
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to help improve the economy. that's why democrats and republicans on capitol hill, and the president, need to deal with a fix our tax code to help promote more economic growth and deal with long-term spending problems. we have spent more money than what we brought in for 55 of the last 60 years. that ought to scare the hell out of every american. we need deal with this problem openly and honestly. because if we do, investors around the country, business owners will look up and good, gee, they are actually dealing with the issues that i'm most concerned about. then i'll begin to invest. >> but how likely is that over the next year? bernanke made it clear yesterday that if the data continues as it is, then they could be out of the bond buying business by next year this time. that bun year. will we see fiscal policy in terms of tax reform. in terms of regulatory clarity. will we see that in the next 12 months? >> hope springs eternal in my heart. while we have big differents on what tax reforms might look like, what
to help improve the economy. that's why democrats and republicans on capitol hill, and the president, need to deal with a fix our tax code to help promote more economic growth and deal with long-term spending problems. we have spent more money than what we brought in for 55 of the last 60 years. that ought to scare the hell out of every american. we need deal with this problem openly and honestly. because if we do, investors around the country, business owners will look up and good, gee, they...
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Jun 20, 2013
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saying the plan will improve the economy. the good question this morning is what's stopping lawmakers in the house from passing bipartisan reform? we want to bring in our gaggle now. liz from the associated press. aei visiting fellow, from the national review, bloomberg views. and democratic strategist chris is here as well. let's start with immigration if we can very quickly. i want to get a sense from you off the bat. was it the -- >> i think there's no question that supporters are using it is cbo score to say this is a fiscally responsible piece legislation. the opponents are saying cbo says this is only a 25% reduction in illegal immigration. wasn't getting control of the borders the whole point of the exercise? >> is this getting enough votes and putting enough pressure on john boehner? what decision does he make? >> i'm not sure anyone has an answer. including john boehner. he's got a major problem in his caucus. this has been the narrative going on for years. the decision between those who realize that both politically
saying the plan will improve the economy. the good question this morning is what's stopping lawmakers in the house from passing bipartisan reform? we want to bring in our gaggle now. liz from the associated press. aei visiting fellow, from the national review, bloomberg views. and democratic strategist chris is here as well. let's start with immigration if we can very quickly. i want to get a sense from you off the bat. was it the -- >> i think there's no question that supporters are...
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archie bunker and also coming in michael jackson and as the century moved to its conclusion with the economy booming, it was madonna, the material girl, and then bruce springsteen, and in the easterly le 21st century, this century of ours in the aftermath of 9/11, it was all about trying to hold things together, especially our families and our american eye korn became husband, a father, a guy from jersey, a crime boss. his name, tony soprano. james lipton is the host of bra bravo's inside the actors study and paul farry is with "the washington post." i want to start with about tony soprano and jam gandolfini's portrayal. he was just a guy trying to hold a family together. an early first season episode he was on a car trip to visit prospective colleges with his daughter, meadow. soprano confronts him about his line of work. listen here, she does. >> are you in the mafia? >> am i in the what? >> whatever you want to call it? organized crime. >> that's total crap. who told you that? >> dad, i have lived in the house all my life. i have seen police come with warrants. i have seen you going out a
archie bunker and also coming in michael jackson and as the century moved to its conclusion with the economy booming, it was madonna, the material girl, and then bruce springsteen, and in the easterly le 21st century, this century of ours in the aftermath of 9/11, it was all about trying to hold things together, especially our families and our american eye korn became husband, a father, a guy from jersey, a crime boss. his name, tony soprano. james lipton is the host of bra bravo's inside the...
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for mr economy develop on the car and mr ricardo up and. former head of the that we have said the bank was talking about the cars and we're realizing it's a much more complicated picture for russia because we are very heavily dependent from the expert body where our currency would be related to ces which could now trying to grow and compete against foreigners and would face some challenges this is why in russia you're not like in japan and i saw it for the meeting in this economy for us will be much more difficult and complicated just to go in there with a shorter building used to be complex all of the different types of instruments implementations of intensely and certainly there must be although why use two to base not just the russian domestic economy but the global one as well you know creating jobs and infrastructure it just desperate measures meddling with oil. it's not easy sedation for anybody. stimulating economy you always need to be able because if you show some stimulation and some part of me still like being in mortgage financi
for mr economy develop on the car and mr ricardo up and. former head of the that we have said the bank was talking about the cars and we're realizing it's a much more complicated picture for russia because we are very heavily dependent from the expert body where our currency would be related to ces which could now trying to grow and compete against foreigners and would face some challenges this is why in russia you're not like in japan and i saw it for the meeting in this economy for us will be...
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also online today the world's fastest growing economy goes to extremes for a cleaner future as china introduces the death penalty to break the nation's environmental protection laws. recent comments from senior israeli cabinet members expressing skepticism over a two state solution prompted angry responses and a stinging president mahmoud abbas accused israel of trying to avoid peace on israeli prime minister benjamin netanyahu trying to distance himself from the comments but this war of words means little to scores of suffering palestinians whose homes are being blocked off by walls of concrete. experience. the walls might be coming down in the race to the world but here in israel they're going up there's one along the country's border with egypt there's a fifty one kilometer one around gaza there's one in the pipeline next to jordan and the newest frontier is being fortified along the lebanese and syrian borders and then there's the most famous the controversial so-called separation wall that encircles the west bank of course it was the fact that israel is defending itself and prep
also online today the world's fastest growing economy goes to extremes for a cleaner future as china introduces the death penalty to break the nation's environmental protection laws. recent comments from senior israeli cabinet members expressing skepticism over a two state solution prompted angry responses and a stinging president mahmoud abbas accused israel of trying to avoid peace on israeli prime minister benjamin netanyahu trying to distance himself from the comments but this war of words...
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Jun 20, 2013
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because they have a much more optimistic view of the economy. here's a chart to give you a flavor for what the economists are looking at, which is projected monthly job growth. now, we know the economy is still not doing everything we want, but over the past year private economists have gone from predicting something like 140,000 jobs a month over the coming year and now predicting something like 187,000 jobs a month. >> that would be great. it's still below where we want to be. but the new normal is 130 to 140. if the new normal changes to 180, maybe week get over that. the 200,000 mark is what economists say time and time again if you want to keep things going in the right direction. you have to create at least 200,000 jobs. >> it feels like that number keeps going up. it used to keep trading water but now it moved up to 200,000. >> this is not great. we'll have high unemployment for another six to seven years, but the point is the outlook is getting better with the fed making projections yesterday. so bernanke is talking about reducing the bo
because they have a much more optimistic view of the economy. here's a chart to give you a flavor for what the economists are looking at, which is projected monthly job growth. now, we know the economy is still not doing everything we want, but over the past year private economists have gone from predicting something like 140,000 jobs a month over the coming year and now predicting something like 187,000 jobs a month. >> that would be great. it's still below where we want to be. but the...
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what can bring to us if we came into painting the economy go the unionist party and i think the pain of ignored scotland for a long day when william hague says that when he travels the world people heard but will good by the fact that scotland wants to leave such a successful lenient would you say to them well i can imagine where william hague travels the when he travels the world every drop felicia taylor in singapore employs his lover through and i travel the world people ask me how come an independent country has grown as ruled by a government and ever elected two of the three younger you spoke on the seven the choice mixed you know to vote for government and our independence and i think the work of our. well some polls show almost a third of scots would like to break away from britain with support for a yes vote reaching its highest level in two years though around sixty percent would still vote no with one in ten scots still undecided as what jonathan shafi he's from activist group the radical independents campaign who explained to me why he thinks scotland should go it alone wh
what can bring to us if we came into painting the economy go the unionist party and i think the pain of ignored scotland for a long day when william hague says that when he travels the world people heard but will good by the fact that scotland wants to leave such a successful lenient would you say to them well i can imagine where william hague travels the when he travels the world every drop felicia taylor in singapore employs his lover through and i travel the world people ask me how come an...
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what it would bring to us if we came into painted the economy go their unionist party and i think the freeing of ignored scotland for a long time man william hague says that when he travels the world people there but will goodbye. the fact that scotland wants to leave such a successful union would you say to them well i can imagine we had william hague travel stephen he travels the world at the raffle said tail in singapore and polices later on when i travel the world people ask me how come an independent country lease go and is ruled by a government and ever elected to after city on the heels of the seven the choice next year to do it again when i know i'm dependent and i think to do with. recent polls show most a third of scots would like to break up with britain with the yes vote support reaching its highest level in almost two years though around sixty percent would still say no with one in ten scots still undecided or spoke to scottish m.p.'s mcneil who says he certain scotland could cope well enough without the u.k. . london should be well practiced in this the empire has gone t
what it would bring to us if we came into painted the economy go their unionist party and i think the freeing of ignored scotland for a long time man william hague says that when he travels the world people there but will goodbye. the fact that scotland wants to leave such a successful union would you say to them well i can imagine we had william hague travel stephen he travels the world at the raffle said tail in singapore and polices later on when i travel the world people ask me how come an...
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global big business is gathering in some pages to discuss what's happening in the world economy with russia's political and business elite will business correspondent katie is rubbing shoulders with them and joins us live right maggie i was in. my that roundtable as we know all so thank you to eliminate the economic agenda at the g eight summit in northern ireland this week and the topic is very much dilma knowing its way to st peter's right kate and i'm going to get some professional analysis on the topic from i've been it's not so from athlone investment rates right it's give me the lay down beside me what it's like in the g eight summit possible and noise you'll be on deals so why they said. that. the offshore it's a shame is an issue that comes back from time to time. in the world economic history the reality in russia is that until we have investors savers who have a high degree of confidence and trust in the way russia is administered you're going to have a real difficult time addressing the officer as. if you are a big challenge here in russia because the banking sector is so
global big business is gathering in some pages to discuss what's happening in the world economy with russia's political and business elite will business correspondent katie is rubbing shoulders with them and joins us live right maggie i was in. my that roundtable as we know all so thank you to eliminate the economic agenda at the g eight summit in northern ireland this week and the topic is very much dilma knowing its way to st peter's right kate and i'm going to get some professional analysis...
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Jun 20, 2013
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economy get back on track again, but markets do expect a slow and to this money flooding, and bernanke could give an important hint. the market went up and down, and the dax closed lightly lower. >> let's take a look at wednesday's numbers. the dax was down by nearly .4% at 8190 seven. the euro stoxx 50 also lower, down by more than .6 %%. the dow trading lower by nearly a full percent. looks like the losses are getting lower. the fed chair has been speaking, and he said the federal reserve could begin tapering its bond purchases and could end its program next year of economic growth remains strong. bad news for the markets there. investors do not like that, and the euro trading at this dollar at a value of $ 1.3273. >> will be back after the break. >> welcome back. returning to our top story in berlin this evening where security for president barack obama's visit is unprecedented. some have described it as berlin on lockdown, especially those people living in the downtown areas where they have to cooperate with the top security in operation there. >> they include having to present per
economy get back on track again, but markets do expect a slow and to this money flooding, and bernanke could give an important hint. the market went up and down, and the dax closed lightly lower. >> let's take a look at wednesday's numbers. the dax was down by nearly .4% at 8190 seven. the euro stoxx 50 also lower, down by more than .6 %%. the dow trading lower by nearly a full percent. looks like the losses are getting lower. the fed chair has been speaking, and he said the federal...
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Jun 20, 2013
06/13
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may not to a defense and the economy. the market does not want to hear any of that. if he says that the assumption is, oh, he will stop doing it tuesday are something like that, which is that going to. lou: he made big references to inflation. he made references to unemployment or at least the six and half percent level as part of construction for his decision . is a little surprising to me. and it suggested that he does want to accelerate things year. are there signs that this quantitative easing combined purchasing program, this is having a negative, a deleterious effect on the fed's goals? >> i do not believe so. it is not -- it is not the sort of thing you would think would drive down inflation. inflation has fallen well below the fed's goal, but -- but the people who are worried about qe are worried about the other direction, inflationary. it probably has added something to economic growth. mainly, but not exclusively through lower mortgages, more refinancing, more homes built and so on, and that is what he is talking about tapering off. lou: a lot of money -- i
may not to a defense and the economy. the market does not want to hear any of that. if he says that the assumption is, oh, he will stop doing it tuesday are something like that, which is that going to. lou: he made big references to inflation. he made references to unemployment or at least the six and half percent level as part of construction for his decision . is a little surprising to me. and it suggested that he does want to accelerate things year. are there signs that this quantitative...
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global big business is gathering in st petersburg discuss what's happening in the world's economy with russia's political and business elites business correspondent is there and joins us now. ok to tell us what's topping the agenda today that. they care what we've already been speaking about tax evasion the federal reserve tapering their stimulus measures that's really what people are telling about today and also the conflicts to do with energy as well that's what we're really going to focus in upon now and just really the all take right now is seen as a lifeline in these growing times of energy the montanists front all economy that we're in at the moment so right now i've got maria found a haven to talk about this the head of the i.a.e.a. from a seed in special energy agency so tell me do you think that the key arctic nations will work together to use these resources o.t.c. potential competition and complex coming as a result of everyone trying to get in on that well i hope to work together and i think it's important they work together because everybody is looking at the arctic so mag
global big business is gathering in st petersburg discuss what's happening in the world's economy with russia's political and business elites business correspondent is there and joins us now. ok to tell us what's topping the agenda today that. they care what we've already been speaking about tax evasion the federal reserve tapering their stimulus measures that's really what people are telling about today and also the conflicts to do with energy as well that's what we're really going to focus in...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to the report on our. mission. couldn't take three months for charges free. range and three. free. free. download free broadcast quality video for your media project free media. dot com. for your experiences in this newsletter which is titled i hold it up it's called the i'm guessing as i write the guinea pig zero direct you know in the title i write about the history of human experiments and news stories about sometimes abuses and things that go wrong in experiments and so not only did you do the experiment but you're the investigative journalist as well within the industry you can say that i keeping them honest keeping them honest because they have to because the guinea pigs themselves can't do it and so they all doped up.
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to the report on our. mission. couldn't take three months for charges free. range and three. free. free. download free broadcast quality video for your media project free media. dot com. for your experiences in this newsletter which is titled i hold it up it's called the i'm guessing as i write the guinea pig zero direct you know in the title i write...
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live from some pictures but we're going to continue with on actual fame at the moment more economy math is a coming up from a washington studio its prime interest next. i know they track approval ratings of the presidents of various countries by did though they still research the approval ratings of former presidents twice like gallup poll that says that george w. bush has been slowly growing in his approval numbers since leaving office in fact his numbers have increased by seventeen percent amongst independents and even his in three rival democratic voters have given him fourteen percentage points of popularity i think this may be due to the fact that obama's magic has worn off and people are getting fed up with things belonging for the bush days is insane if you are one of the people who has recently decided that bush is awesome and please tell me how he differs from obama true obama can pronounce ninety nine percent of the words on the teleprompter in front of him but both presidents have let expensive wars with questionable objectives bush gave us the patriot act and obama continued
live from some pictures but we're going to continue with on actual fame at the moment more economy math is a coming up from a washington studio its prime interest next. i know they track approval ratings of the presidents of various countries by did though they still research the approval ratings of former presidents twice like gallup poll that says that george w. bush has been slowly growing in his approval numbers since leaving office in fact his numbers have increased by seventeen percent...
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the fed had upgraded its outlook for the american economy, and this prompted investors to buy the dollar. the u.s. currency is stronger against major currencies. dollar/yen right now at 97.94-98. euro/dollar right now is at 1.3207-3208. let's turn our attention to the stock market. now the possibility of the fed tapering its stimulus program caused global investors to be more risk averse. major european markets taking a london's ftse down by 2.3%. frankfurt down by 2.3% and cac403.3%. market players are also cautious as they received a mixed bag of economic data. the latest business activity report for the eurozone shows a contraction, but it's also the smallest downturn since march 2012. meanwhile, germany's producer price index fell more in may than in april. investors sold shares after receiving economic data showing the largest contraction in china's manufacturing activity in nine months. hong kong is one of the biggest losers. hang sang dropped 2.88%. japan were capped. the nikkei average wu down by 1.74%. on the decline in the asian markets, an expert in singapore says market playe
the fed had upgraded its outlook for the american economy, and this prompted investors to buy the dollar. the u.s. currency is stronger against major currencies. dollar/yen right now at 97.94-98. euro/dollar right now is at 1.3207-3208. let's turn our attention to the stock market. now the possibility of the fed tapering its stimulus program caused global investors to be more risk averse. major european markets taking a london's ftse down by 2.3%. frankfurt down by 2.3% and cac403.3%. market...
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was working the sherpa for a printer to ensure proper leaders have discussed in detail how the global economy stations the challenges of all the major countries are facing and one of the challenges is. transparency or for global finance this money being used by institutional investors by banks by large companies for their paying taxes so how this affects us to station to particular countries in need of skill are going to take some primacy requirements and i see that's where it's important development coming down on offshore as was a huge topic calking russia do this and is it possible to get this money back to the home economy major. challenges to improve the station in the russian it's a key instrument to bring money back to you know going to use law enforcement most or something like that it just requires it to. make influence on the investors and we're committed to do so and in reality how much money are we talking about dozens of billions of dollars of new investments to create new more than jobs in the rushing all the surplus are starting from the traditional and the very. nature resourc
was working the sherpa for a printer to ensure proper leaders have discussed in detail how the global economy stations the challenges of all the major countries are facing and one of the challenges is. transparency or for global finance this money being used by institutional investors by banks by large companies for their paying taxes so how this affects us to station to particular countries in need of skill are going to take some primacy requirements and i see that's where it's important...
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find out what's really happening to the global economy with mike's concert for a no holds barred the global financial headlines kaiser report. good afternoon to welcome to prime interest i'm perry and boring in washington d.c. and here's the headline balloon following today. it's bad day after six weeks of job openings from the last announcement in scaring risk markets into a correction we're taking speeds we've been seeing much recent price inflation and unemployment data still have not reached target and it caters to begin with fed might reduce its bond buying purchases later this year we'll talk with dr andrus producer bob inglis from the new york stock exchange and just a bit and the pending consultant bill boyd to financial advisory services is under the gun no not because of its role in the botched independent or closer review of the charges led by new york department of financial services which is offering under an obscure state banking will the boy has consented to a ten million dollar fine and a one year ban on soliciting new work in the state maybe they can hire a rival sha
find out what's really happening to the global economy with mike's concert for a no holds barred the global financial headlines kaiser report. good afternoon to welcome to prime interest i'm perry and boring in washington d.c. and here's the headline balloon following today. it's bad day after six weeks of job openings from the last announcement in scaring risk markets into a correction we're taking speeds we've been seeing much recent price inflation and unemployment data still have not...
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we all take might now is seen as a lifeline in these growing times of energy the montanists fragile economy that we're in at the moment so right now i've got maria found to have been silk about this the head of the i.a.e.a. some eight seed in special energy agency so tell me to think that the key arctic nations will work together to use these missiles is o.t.c. potential competition and complex coming as a result of everyone trying to get in on it well i hope to work together and i think it's important they work together because everybody's looking at the arctic so magnifying glasses so whatever happens there will be scrutinized immediately and will be seen immediately by the world so i think it's a vehicle supports and other countries in the gates of the arctic and having been part of the arctic all working together a lot about china them because we know that china wants to get a foothold into the arctic if it does manage to do that do you think that the balance of power will change the point is that whatever happens with or without china there there will be there will be this need for coo
we all take might now is seen as a lifeline in these growing times of energy the montanists fragile economy that we're in at the moment so right now i've got maria found to have been silk about this the head of the i.a.e.a. some eight seed in special energy agency so tell me to think that the key arctic nations will work together to use these missiles is o.t.c. potential competition and complex coming as a result of everyone trying to get in on it well i hope to work together and i think it's...
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we know that obama care is a drag on the economy, been a train wreck, drag on economy, and we need jobs, don't need people cutting back on hours. >> let me tell you something about the medical device. a lot of democrats want to rescind that medical device. a lot of medical device manufacturers are in their jurisdiction. if they real estate the law in the beginning, they have to be back pedaling. it's my rub that nobody bothers to read the statutes, just votes yes. >> this was passed in the middle of the night, passed in a hurry, not ready for prime time. the medical device tax, trying to get money everywhere they can to expand medicaid, including a 10% excise tax on tanning salons. >> thank you very much. >>> is it the new cold war? president obama with a frosty reception in germany. >>> what did the tsa do with a teenager traveling without her parents? did they cross the line? this is my favorite one. it's upside down. oh, sorry. (woman vo) it takes him places he's always wanted to go. that's why we bought a subaru. (announcer) love. it's what makes a subaru, a subaru. chantix... it's
we know that obama care is a drag on the economy, been a train wreck, drag on economy, and we need jobs, don't need people cutting back on hours. >> let me tell you something about the medical device. a lot of democrats want to rescind that medical device. a lot of medical device manufacturers are in their jurisdiction. if they real estate the law in the beginning, they have to be back pedaling. it's my rub that nobody bothers to read the statutes, just votes yes. >> this was passed...
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he saved the economy. now he is in the process of mapping the economy. you look at the second part, managing is harder than saving because you can do different things rather than one thing. so the market feels uncertain about this. natural for it to be uncertain. in the risk off, risk on world, when they're not sure, they stop everything. >> neil: you were around during the '87 market crash and crashettes. before and after. what do you watch for for something that overstays its welcome? in other words, just vote of keeps going on and -- just kind of keeps going on and on. >> you see if you missed something. this artificial economy, interest rates are out of whack. they're killing all kinds of investors, starting with retirees. so how long it lasts is how long it takes for all of these people to look further into the numbers, and come up with something that satisfied or at least making -- >> that gets to the question on how high should interest rates really be. some say if the fed were to just quit riding the apron strings for us, that maybe they wouldn't
he saved the economy. now he is in the process of mapping the economy. you look at the second part, managing is harder than saving because you can do different things rather than one thing. so the market feels uncertain about this. natural for it to be uncertain. in the risk off, risk on world, when they're not sure, they stop everything. >> neil: you were around during the '87 market crash and crashettes. before and after. what do you watch for for something that overstays its welcome?...
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find out what's really happening to the global economy with. a report. card after nailing a welcome surprise.
find out what's really happening to the global economy with. a report. card after nailing a welcome surprise.
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products are coming into our house whether or not we can regulate the banks that crashed the global economy the price of medicine would be affected even how we spend our local tax dollars all of these domestic laws the good news is many members of congress may only know one piece of it but enough of each piece is irritating enough people that actually also fear talking to our members of congress about why we don't like it i suspect actually they could hold the process accountable because if i have a call free trade agreements free trade agreements a lot of times they're not free nor as you're saying they were everything i'm sure i read and it's majority you were talking about there is when a treaty an agreement which one does this fit into and what's the difference well it's branded as an agreement and there's agreement needs a lesser level of approval constitutionally if over a treaty we need a supermajority more than half of the sent to approve it and the agreement just requires fifty percent of the house in the senate. so you can imagine that someone who wants to push through one of thes
products are coming into our house whether or not we can regulate the banks that crashed the global economy the price of medicine would be affected even how we spend our local tax dollars all of these domestic laws the good news is many members of congress may only know one piece of it but enough of each piece is irritating enough people that actually also fear talking to our members of congress about why we don't like it i suspect actually they could hold the process accountable because if i...
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fed chairman ben bernanke said today that he expects the economy to grow and unemployment to fall well into next year, but he also signalled that years of low interest rates that have made it easier for companies to invest and families to buy cars and homes may soon be ending, a big reason the dow dropped more than 200 points on the news. abc's rebecca jarvis explains what this may mean for you tonight. >> reporter: david and sarah turnbull are looking at homes in new bury park, california for their expanding family, hoping to take advantage of record low interest rates. >> we're at a time when we can buy, and we'd like to lock in an interest rate. >> reporter: but in the last six weeks, interest rates have started to climb. mortgages now about 4% for the first time in a year, up more than half a percent since may. >> people are thinking that makes a big difference in my monthly payment and what i can afford. >> reporter: every 1% increase in mortgage rates makes owning . >> i like the openness. >> reporter: in real terms, the cost of the mortgage on that $500,000 dream home goes up $2
fed chairman ben bernanke said today that he expects the economy to grow and unemployment to fall well into next year, but he also signalled that years of low interest rates that have made it easier for companies to invest and families to buy cars and homes may soon be ending, a big reason the dow dropped more than 200 points on the news. abc's rebecca jarvis explains what this may mean for you tonight. >> reporter: david and sarah turnbull are looking at homes in new bury park,...
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both economies will benefit from it and it would also add nursemaid to the global world -- nourishment to the global world. >> obama made his speech in front of us liked crowd of vips and students. he remains better liked than many foreign leaders. or than 80% of germans say they approve of his policies. >> a former university professor from the u.s. has been arrested days after making the fbi's 10 most wanted list. childfacing charges of exploitation and traveling to the philippines to have underage sex. the 64-year-old was arrested on the caribbean coast. fashion designers dolce and gabbana have been found guilty of tax evasion in italy. a court gave the two men and a suspended jail sentence and a fine for hundreds of millions of dollars -- for hiding hundreds of millions of dollars from tax authorities. italy, tax evasion never goes out of fashion, but as dolce and gabbana have found out, undeclared income comes with an expensive price tag. have a stringana of celebrity clients and their styles are known throughout the world. away from the capital, their range includes watches, jewe
both economies will benefit from it and it would also add nursemaid to the global world -- nourishment to the global world. >> obama made his speech in front of us liked crowd of vips and students. he remains better liked than many foreign leaders. or than 80% of germans say they approve of his policies. >> a former university professor from the u.s. has been arrested days after making the fbi's 10 most wanted list. childfacing charges of exploitation and traveling to the...
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profit bonanza when the world flocks to brazil next summer but what happens to the broader brazilian economy after the games are over in two thousand and ten south africa. as to the world cup and the country was only able to recruit a tenth of the nearly five billion dollars spent to prepare for the games meanwhile the international soccer governing body made its money off south africa's hospitality collecting billions in television and marketing rights so it's no wonder why brazilian taxpayers feel like they're getting a raw deal same sex are today. so let's look at what you think is the root cause behind this unrest in brazil at r.t. dot com the majority of you believe it's government inefficiency and corruption twenty six percent say its foreign efforts to destabilize latin america around fifteen percent believe it is all because of the hike in public fees and world cup costs and then the remainder that's thirteen percent say it's due to the global economic slowdown now you can choose to cast your vote or you have to do is go to r.t. dot com. some other news in brief now this hour at leas
profit bonanza when the world flocks to brazil next summer but what happens to the broader brazilian economy after the games are over in two thousand and ten south africa. as to the world cup and the country was only able to recruit a tenth of the nearly five billion dollars spent to prepare for the games meanwhile the international soccer governing body made its money off south africa's hospitality collecting billions in television and marketing rights so it's no wonder why brazilian taxpayers...
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i want comes on the heels of cbo report that immigration would be beneficial for the economy. the idea here is all right if this is going to be beneficial to the economy overall, why don't we find some funds within the budget which can to be done when they really want to do it. it's a dirty secret here on capitol hill. why not find the funds to double the border patrol, get the 700 miles of fencing and in order to get that pathway to citizenship. folks are sort of saying that apieces both sides and honestly at the end of the day the political players in the gop that need though to happen who want to see their future election prospects more bountiful, they are pulling the strings a little bit on this as well. >> what's been the post-results of speaker boehner meeting with the hispanic caucus yesterday? >> from talking to folks they said it was productive, he heard them out and he understands the issue. boehner has been around here since 1990. he was involved in this to some degree when it was trying to be done in the bush administration back in '07. john boehner's real problem
i want comes on the heels of cbo report that immigration would be beneficial for the economy. the idea here is all right if this is going to be beneficial to the economy overall, why don't we find some funds within the budget which can to be done when they really want to do it. it's a dirty secret here on capitol hill. why not find the funds to double the border patrol, get the 700 miles of fencing and in order to get that pathway to citizenship. folks are sort of saying that apieces both sides...
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you said you're not the world's best market timer but you also noted the slowdown in the chinese economy and how this has depressed commodity prices but you're also on record as being bullish on china and their currency the rim and b. in particular so when what do you see is the middle ground here i mean how bad could things get in china and what would need to happen to finally see them deep haggis from the u.s. dollar. boy you know if i were china i would do it by two thousand jenner two thousand and eleven or two thousand and twelve just shows you how much i know about when they got to. the chinese have no reason not to make their current convertible now i'm not chinese so obviously gotta do what they want to i would expect that to come any time now they've been making more and more strides towards opening it up as a response they've been opening it since two thousand and five in a recent thing they've certainly made a lot of progress towards opening for them. to come any time a problem in the next two or three years they're going the chinese have slowed down their economy for good rea
you said you're not the world's best market timer but you also noted the slowdown in the chinese economy and how this has depressed commodity prices but you're also on record as being bullish on china and their currency the rim and b. in particular so when what do you see is the middle ground here i mean how bad could things get in china and what would need to happen to finally see them deep haggis from the u.s. dollar. boy you know if i were china i would do it by two thousand jenner two...
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economy in its latest statement. so hence we're seeing the markets really fluctuate and some volatility and we're seeing these ups and downs right now. major point of interest also for global economic markets is the point of abenomics and a lot of market players are hoping that policies that were set in motion by prime minister shinzo abe as well as the bank of japan actually pan out or play out through the markets. there's a lot of hopes being pinned on that as well. now, specifically shares that i'm going to follow today, i want to focus on softbank and it rose 4% yesterday on news that one of its major rivals in softbank's bid for u.s. telecommunications firm sprint nextel has basically pulled out of the running so we'll continue to watch softbank shares today to see if that continues. >> the dollar gained quite a bit after the fed statement and bernanke's speech. where do we stand right now in tokyo? >> very good point about currencies. the dollar/yen is a big focus and with the dollar surging after the more opti
economy in its latest statement. so hence we're seeing the markets really fluctuate and some volatility and we're seeing these ups and downs right now. major point of interest also for global economic markets is the point of abenomics and a lot of market players are hoping that policies that were set in motion by prime minister shinzo abe as well as the bank of japan actually pan out or play out through the markets. there's a lot of hopes being pinned on that as well. now, specifically shares...
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investors try to let gays cells of the economy, not just the u.s., but the global economy. a lot of news, and assault team coverage with nicole petallides. once again standing by the new york stock exchange. a big sell-off. phil flynn at the cme tracking down the commodities, especially metals. jo ling kent is here with a very troubling story about china that we are following, but first to you, nicole. your headline please. >> reporter: to the big deal here is watching the volatility. we had a lot of 200. swings in the last 21 days since ben bernanke and his testimony may 22nd. half of those, ten of the 21 actually had 200. swings. the volatility is here and today you are obviously seeing a bigger move unusual. 350 points to the downside. cheryl: and an unusual move. that is how you would characterize this. >> reporter: absolutely an unusual move. essene the volatility of 10200, but not 350. cheryl: you will get back to you in a moment. phil flynn at the cme. >> reporter: it is a metals meltdown. what temperature doubles milton mack probably when the fed starts talking abou
investors try to let gays cells of the economy, not just the u.s., but the global economy. a lot of news, and assault team coverage with nicole petallides. once again standing by the new york stock exchange. a big sell-off. phil flynn at the cme tracking down the commodities, especially metals. jo ling kent is here with a very troubling story about china that we are following, but first to you, nicole. your headline please. >> reporter: to the big deal here is watching the volatility. we...
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how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to which nothing is happening. it is just not credible with the in central of assets been spelling seats -- central bank balance sheets. there is very little of that spilling over into the marketplace. , mone
how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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that's good for the economy too. i don't think we've absorbed just how good for the american economy having some predictability in our immigration policy is. i'll tell you, there's a famous latino boxer who started a company to do home loans. why? why? because he actually figured out that if suddenly people who are here and know they can stay here, what are they going to do? they're going to buy a house. he wants to be first in line to help them get that loan. that's the kind of economic activity that i would hope to see as a result of immigration reform. we ought to be talking about that instead of talking about border, fences, security. >> oh, why. border security. we have to leave it there and pick it up another time. >> thank you. >>> up next, oh, the anticipation. supreme court, why do you tease us so? ♪ anticipation is making me wait ♪ wait♪ ♪ >>> it is the most important decision the supreme court justice has made all week. justice samuel alito decided to throw the first ball in last night rangers' gam
that's good for the economy too. i don't think we've absorbed just how good for the american economy having some predictability in our immigration policy is. i'll tell you, there's a famous latino boxer who started a company to do home loans. why? why? because he actually figured out that if suddenly people who are here and know they can stay here, what are they going to do? they're going to buy a house. he wants to be first in line to help them get that loan. that's the kind of economic...
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profit bonanza when the world flocks to brazil next summer but what happens to the broader brazilian economy after the games are over in two thousand and ten south africa. to the world cup and the country was only able to recruit a tenth of the nearly five billion dollars spent to prepare for the games meanwhile the international soccer governing body made its money off south africa's hospitality collecting billions in television and marketing rights so it's no wonder why brazilian taxpayers feel like they're getting a raw deal same sex are today. so let's look at the reasons why you think there's been unrest in brazil this is how the poll looks on our website at the moment at r.t. dot com forty six percent of you say it's all down to government inefficiency and corruption twenty six percent believe it's to do with a foreign plot to destabilize latin america fifteen percent believe it's all to do with a hike in public phase and a hike in public transport that we saw there in that report and also increasing world cup costs and then the remainder that's thirteen percent believe it is all to do
profit bonanza when the world flocks to brazil next summer but what happens to the broader brazilian economy after the games are over in two thousand and ten south africa. to the world cup and the country was only able to recruit a tenth of the nearly five billion dollars spent to prepare for the games meanwhile the international soccer governing body made its money off south africa's hospitality collecting billions in television and marketing rights so it's no wonder why brazilian taxpayers...
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new york democratic candidate hakim jeffries on the economy. then pennsylvania republican tim murphy on health care laws and its implementation is behind schedule. "washington journal" is live at 7:00 a.m. eastern everyday. >> in a lot of ways, this is a challenging time for people who are conservatives. we have a liberal democratic president who is not only elected and reelected after putting into place some ideas and programs and projects that i think are very wrongheaded, the public had a chance to think about that and they did reelect him. it is a challenging time. it is also an exciting time if what you are tryingt to do and that is to modernize conservatism and bring it in line with what the challenge is for the country at this time. therefore, also the country is thinking about the challenges of the 21st century. neither party is doing a good job of that. there's a lot of opportunities for thinking about what america in the 21st century needs to change about the way it governs itself. in order to get back to economic growth and prosperit
new york democratic candidate hakim jeffries on the economy. then pennsylvania republican tim murphy on health care laws and its implementation is behind schedule. "washington journal" is live at 7:00 a.m. eastern everyday. >> in a lot of ways, this is a challenging time for people who are conservatives. we have a liberal democratic president who is not only elected and reelected after putting into place some ideas and programs and projects that i think are very wrongheaded, the...
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well, guess what, because of technology, efficiency, and a bad economy, we're there. we're at below 1992 levels. so i don't really know what they want. >> not only that, robert -- >> i want to bring ang in here. he called it not a global threat, he called it the global threat of our time. >> but we're not at war with radical islam. this is the most important issue. if you look at any poll, left, right, the most important issues are not climate change. they do not top the list. >> ever. >> and in all these polls, if you ask them specifically about climate change, i will acknowledge, people do think that something is happening because of the propaganda campaign, but nobody believes, overwhelmingly in polls, that, one, it's a crisis, and that, two, that federal money should be spent on it. when you talk about european leaders, that's just not true. ange angela merkel has spent millions of dollars. germany was on the forefront of green energy and climate change legislation. eric, they spent millions and millions of dollars in europe, in germany, in denmark, in spain, in i
well, guess what, because of technology, efficiency, and a bad economy, we're there. we're at below 1992 levels. so i don't really know what they want. >> not only that, robert -- >> i want to bring ang in here. he called it not a global threat, he called it the global threat of our time. >> but we're not at war with radical islam. this is the most important issue. if you look at any poll, left, right, the most important issues are not climate change. they do not top the list....
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you need to know this worldwide markets fell sharply today with the news that the chinese economy might be starting to contract the three major american stock indexes the dow jones industrial average the s. and p. five hundred the nasdaq all fell significantly from their wednesday closing numbers are concerned europe and asia tumbled as well as latest cloud on the economic horizon comes just one day after a federal reserve chairman ben bernanke announced the fed will soon start to wind down its buying bond buying program more commonly known as quantitative easing bernanke announced the plan a press conference in washington yesterday if the incoming data are broadly consistent with this forecast the committee currently have to suppose it's that it would be appropriate to moderate the monthly pace of purchases later this year and if the subsequent data remain broadly aligned with our current expectations for the economy we would continue to reduce the pace of purchases in measured steps through the first half of next year. ending purchases around mid-year bernanke he sounded optimistic du
you need to know this worldwide markets fell sharply today with the news that the chinese economy might be starting to contract the three major american stock indexes the dow jones industrial average the s. and p. five hundred the nasdaq all fell significantly from their wednesday closing numbers are concerned europe and asia tumbled as well as latest cloud on the economic horizon comes just one day after a federal reserve chairman ben bernanke announced the fed will soon start to wind down its...
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. >> sreenivasan: the federal reserve painted a brighter picture of the economy today. the central bank estimated unemployment will fall a little faster than expected this year and next. chairman ben bernanke said that means the fed may start scaling back its stimulus efforts later this year. he promised it will come in measured steps, to reassure investors. >> we are in a more complex type of situation, but we are determined to be as clear as we can, and we hope that you are and your listeners and the markets will all be able to follow what we're saying. >> sreenivasan: bernanke's words did little to reassure wall street today. stocks fell sharply on fears that if the fed curtails its bond-buying program, interest rates will rise and growth will slow. the dow jones industrial average lost 206 points to close at 15,112. the nasdaq fell nearly 39 points to close at 3,443. the internal revenue service is taking new fire-- this time over plans to pay bonuses to employees. republican senator chuck grassley of iowa said it comes to $70 million, despite a white house directiv
. >> sreenivasan: the federal reserve painted a brighter picture of the economy today. the central bank estimated unemployment will fall a little faster than expected this year and next. chairman ben bernanke said that means the fed may start scaling back its stimulus efforts later this year. he promised it will come in measured steps, to reassure investors. >> we are in a more complex type of situation, but we are determined to be as clear as we can, and we hope that you are and...
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when the economy's bad it increases, when the economy's good, it goes down. the reason we don't have mass starvation is this program is helping tens of millions of american families survive. the facts are, before the 1970s, when we did have the program, we had third world style malnutrition. these programs almost entirely ended hunger in the 1970s. >> that used to be a bipartisan understanding. bob doll is one of the founding fathers of this program. and it used to be a way to help farmers and families. there's a business case for continuing these programs. the biggest recipients of the money. it's all cycled back into the economy. >> no one's saving -- companies like kraft that make the boxed food that's inexpensive to buy, companies like walmart, supermarkets, all plow in the money from these food stamp programs. we also had this interconnectedness of our safety net programs that's going to make this a double problem. feeding america that operates lots of food banks around the country sent out an alert saying, you have kids who get free and reduced lunch be
when the economy's bad it increases, when the economy's good, it goes down. the reason we don't have mass starvation is this program is helping tens of millions of american families survive. the facts are, before the 1970s, when we did have the program, we had third world style malnutrition. these programs almost entirely ended hunger in the 1970s. >> that used to be a bipartisan understanding. bob doll is one of the founding fathers of this program. and it used to be a way to help...
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there are sectors of the russian economy that are still quite vibrant and building and building on those successes is something that we'd all like to see for the regime turn to turn towards him people thank you very much indeed that is such that from outside investment great plains know it leave it and seize the day from the city to back into knots no economic forum i was approaching a hopeless twelve here in moscow i'm back with more news at the top of the hour in between we've got the story of people victimized in the name of science. mission. couldn't take three months for three. months free. free. free. download free broadcast quality video for your media project a free media to r.t. dot com. for your experiences in this newsletter which is titled i hold it up it's called the i'm guessing as i write the guinea pig zero iraq you know explain the title i write about the history of human experiments and news stories about sometimes abuses and things that go wrong in experiments and so not only did you do the experiment but you're the investigative journalist as well within the industry
there are sectors of the russian economy that are still quite vibrant and building and building on those successes is something that we'd all like to see for the regime turn to turn towards him people thank you very much indeed that is such that from outside investment great plains know it leave it and seize the day from the city to back into knots no economic forum i was approaching a hopeless twelve here in moscow i'm back with more news at the top of the hour in between we've got the story...
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the economy is anemic. he spends his time talking about global warming and things that are not consequential to americans. this guy is just simply doesn't think we have a budget problem coming. he doesn't think we have an entitlement bust coming. he thinks everything is fine. let's find more tax revenues and more money to spend. those are -- this is very dangerous territory. you're starting to get up there with 64% in the nose bleed territory when it comes to a negative. i think we're likely to see unless the president finds a way to set the record straight on things like the nsa, and benghazi and the irs scandal, i think that we're going see a continued d e ed dimunition of numbers. people are beginning to open their eyes as to how is he handling, take these fun and games away, take all the enthusiasm and charm and celebrity, how is he doing on big issues like the economy, foreign affairs and the deficit. those numbers are not good. >> sean: do you see a path to righting that ship? >> well, i think he's go
the economy is anemic. he spends his time talking about global warming and things that are not consequential to americans. this guy is just simply doesn't think we have a budget problem coming. he doesn't think we have an entitlement bust coming. he thinks everything is fine. let's find more tax revenues and more money to spend. those are -- this is very dangerous territory. you're starting to get up there with 64% in the nose bleed territory when it comes to a negative. i think we're likely to...